Business
AGM Statement
AGM Statement.
About this update from Dp Poland Plc
[{"type":"text","content":"\n \nRNS Number : 0687X DP Poland PLC 03 May 2016 \n\nDP Poland PLC (\"DP Poland\" or the \"Company\")\n \nResult of AGM, Trading Update Q1 2016 and new incentive share plan\n14 consecutive quarters of double digit like-for-like system sales growth. Continuing store roll-out beyond Warsaw. Third sub-franchisee signs first store.\nDP Poland, through its wholly owned subsidiary DP Polska S.A., has the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland. There are currently 26 Domino's Pizza stores in 6 Polish cities, Warsaw, Krakow, Wrocław, Gdansk, Szczecin and Zielona Gora, 17 corporately managed and 9 sub-franchised.\n1. Result of AGM\nDP Poland plc (AIM:DPP) held its Annual General Meeting today and all resolutions put to shareholders were duly passed.\n2. Trading Update Q1 2016\n· 14 consecutive quarters of double digit like-for-like1 system sales2 growth, Q4 2012 - Q1 2016\n· Like-for-like system sales up 23%\n· New store openings in new cities are performing well\n· 26 stores were open in 6 cities by mid-April\n· 3 stores under construction and pipeline of openings planned for H2 2016\n· Our third sub-franchisees Ewa and Remy Szutkiewicz took over their first store on 1 April 2016\n \nPeter Shaw, Chief Executive of DP Poland said:\n\"The first quarter of 2016 has opened strongly with like-for-like system sales up 23% on Q1 2015. While the existing store estate is performing well the sales performance of our latest store openings outside of Warsaw is particularly encouraging. \nI am delighted to welcome our third sub-franchisees on board, Ewa and Remy Szutkiewicz, who have taken on their first store and are in discussion with us to open a second.\"\nRemy Szutkiewicz said:\n\"We are delighted to be operating our first Domino's Pizza store. Domino's is the world's leading pizza delivery brand and this is our first step in our long held ambition to join Domino's renowned sub-franchisee family.\"\n1 Like-for-like growth in PLN, matching trading periods for the same stores between 1 January and 31 \nMarch, 2015 and 1 January and 31 March, 2016\n2 System Sales - total retail sales including sales fr...